Published: 2021-10-01 17:29:15 CEST
Global Data Products
Product information

Data News Nordic #2021 – 3: Nasdaq Announces Changes to Delayed Policies & Pricing Effective January 1, 2022

 

Markets Impacted:

  • Nordic Markets
  • Baltic Markets

Products Impacted:

  • Nordic Equity
  • Nordic Fixed Income
  • Nordic Derivatives
  • Nasdaq Commodities
  • Baltic Equities & Fixed Income
     

What you need to know:

From January 1, 2022 Nasdaq European Data will implement an updated policy for delayed data and new pricing for certain delayed data products for Nordic and Baltic markets.
 

What is the updated delayed policy?

In general, use of Nasdaq Nordic & Baltic delayed data is free – however external distribution of eligible delayed products where the data is distributed for a fee, including a general fee for accessing services, is fee liable. External distribution of delayed data should be understood as the selling of delayed data in unchanged form to third parties, either directly by charging when giving access to that data, or via a general access fee.

Where a distributor publishes delayed data on a website, but does not directly charge for that access, it is not considered re-distribution and no re-distribution fee applies.

Where a distributor uses delayed information in the creation of value-added services that are then re-distributed for a fee, fees will apply.  Value-added services should be understood as the creation of a product made on the basis of delayed data, for example through aggregating data sets across different sources or creating a historical series, or combining it with other information, and offering it as a product to third parties. Only those value-added services which are sold as a product for a fee to third parties should be considered as value-added services and will therefore be subject to a fee.

The new delayed policies section that will be included in European Data policies document effective January 1, 2022 is included with this notification in a separate file.

 

Where delayed data is fee liable, what is the new price list?

For delayed data usage that is fee liable, from January 1, 2022 Nasdaq will introduce new pricing for external distribution of Nordic and Baltic delayed data.  There are two options of delayed data external distribution products available: unbundled and bundled. The unbundled product includes statistics data as calculated by Nasdaq and Nordic index values and constituents in addition to the content available in bundled products. Publication of unbundled delayed data on websites is free - while publication of bundled delayed data requires the bundled delayed data publication license.

 

Unbundled Products:

The Nordic Delayed External Distributor license gives the right to redistribute delayed Nordic Equity-. Derivatives, Fixed Income and Commodities data with up to five levels of market by price depth pre-trade data (price and volume), post-trade data, instrument- and trading venue identifiers, MMT flags, execution- and publication- timestamps, trade types and price notations.

 

Nordic Delayed Data External Distributor
Service Level Fee per month
Nordic Delayed External Distributor Number of Delayed Data Recipients:
1:           € 835
2-5:       € 1.850
6-25:     € 7.500
26-100: € 16.500

101+:     € 65.000

 

Baltic Delayed External Distributor license gives the right to redistribute delayed Baltic Equity and Fixed Income data with up to five levels of market by price depth pre-trade data (price and volume), post-trade data, instrument- and trading venue identifiers, MMT flags, execution- and publication- timestamps, trade types and price notations.

 

Baltic Delayed Data External Distributor
Service Level Fee/ month
Baltic Delayed External Distributor Number of Delayed Data Recipients:
1:       € 425
2-5:    € 1.500
6-15:  € 3.500
16+:   € 11.000

 

Bundled Products:

Nordic Delayed External Distributor Bundled licenses gives the right to redistribute delayed Nordic Equity-. Derivatives, Fixed Income and Commodities with up to five levels of market by price depth pre-trade data (price and volume), post-trade data, instrument- and trading venue identifiers, MMT flags, execution- and publication- timestamps, trade types and price notation. It also gives the right to externally distribute trade statistics data as calculated by Nasdaq and Nordic index values and constituents sourced from Genium Consolidated Feed (GCF). For further information on delayed data please see European Data Policy document.

 

Nordic Delayed Data External Distributor Bundled
Service Level Fee/Month
Nordic Delayed External Distributor Bundled Number of Delayed Data Recipients:
1:           € 1.135
2-5:       € 2.150
6-25:     € 7.800
26-100: € 16.800

101+:     €65.300

 

Baltic Delayed External Distributor Bundled licenses gives the right to redistribute delayed Baltic Equity- and Fixed Income data with up to five levels of market by price depth pre-trade data (price and volume), post-trade data, instrument- and trading venue identifiers, MMT flags, execution- and publication- timestamps, trade types and price notation. It also gives the right to externally distribute trade statistics data as calculated by Nasdaq and Baltic index values and constituents sourced from Genium Consolidated Feed (GCF). For further information on delayed data please see European Data Policy document.

 

Baltic Delayed Data External Distributor Bundled
Service Level Fee/Month
Baltic Delayed External Distributor Bundled Number of Delayed Data Recipients:
1:        € 625
2-5:    € 1.700
6-15:  € 3.700
16+:   € 11.200


 

Nordic Delayed Website Publication Bundled licenses gives the right to publish delayed Nordic Equity-. Derivatives, Fixed Income and Commodities trade statistics data as calculated by Nasdaq, and Nordic index values and constituents sourced from Genium Consolidated Feed (GCF) on website(s).

For further information on delayed data please see European Data Policy document.

Nordic Delayed Website Publication Bundled
Service Level Fee/Month
Nordic Delayed Website Publication Bundled € 500

 

 

Baltic Delayed Website Publication Bundled licenses gives the right to publish delayed Baltic Equity-. & Fixed Income trade statistics data as calculated by Nasdaq, and Baltic index values and constituents sourced from Genium Consolidated Feed (GCF) on website(s).

For further information on delayed data please see European Data Policy document.

Baltic Delayed Website Publication Bundled
Service Level Fee/Month
Baltic Delayed Website Publication Bundled € 350

 

 Where can I find additional information? 

For questions regarding this notice please speak to your Sales Representative or contact DataEurope@nasdaq.com or by telephone: +46 8 405 7500 or +45 33 93 33 66.

 


Nasdaq European Data New Delayed Policy 2022-01.pdf